On July 6, 2018, the Trump administration officially imposed a 25 percent tariff on goods worth 34 billion U.S. dollars from China, marking the official launch of Trump’s tariff policy towards Beijing.
While some Chinese experts are expressing their worries on social media about the impact this trade war could have on China’s economy, the U.S. based Brookings Institute published a report in which they claim that in the high-tech field that Trump wants to strike, the "added value" from China among these products is very low. Therefore, it is posited that Trump's blow will only hurt companies from the United States and its allies.
According to statistics from Xinhua News Agency, more than half of China's trade surplus comes from foreign-funded enterprises and processing trade. In the entire trade process, China only earns a small amount of processing fees, while the United States benefits greatly from design, parts supply, and marketing. If the trade in goods, trade in services, and the overseas sales of multinational corporations are all taken into consideration, the overall trade interests of China and the United States will be balanced.
Related Infographics
FAQ
- The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL. More Information
- The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
- For individual content and infographics in your Corporate Design, please visit our agency website www.statista.design
Any more questions?
Get in touch with us quickly and easily.
We are happy to help!
Do you still have questions?
Feel free to contact us anytime using our contact form or visit our FAQ page.
Your contact to the Infographics Newsroom
Statista Content & Design
Need infographics, animated videos, presentations, data research or social media charts?